NYME Crude Oil December Delivery Fall per Barrel

Crude oil for December 2011 delivery fell $2.97 to settle at $90.20 a barrel on the New York Mercantile Exchange after the Energy Department said supplies rose 4.74 million barrels to 337.6 million last week.

Brent oil for December 2011 settlement dropped $2.01, or 1.8 percent, to $108.91 a barrel on the London-based ICE Futures Europe exchange.

Raw materials price extended losses late in the trading day on a report that China may contribute to a planned euro-area investment vehicle and speculation that it would cut other holdings, said Rich Ilczyszyn, a Chicago-based senior market strategist at MF Global Holdings Ltd.

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